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FTSE 250 movers: G4S rallies; transport operators fall

Mon, 13th Jul 2020 15:06

(Sharecast News) - London's FTSE 250 was up 1.1% at 17,365.48 in afternoon trade on Monday.
G4S surged after saying said first-half profit would be well ahead of expectations and that it would bring forward its results announcement to the week beginning 20 July.

The security company said its business continued to hold up well during June. Adjusted pretax profit before interest and amortisation (PBITA) and underlying earnings for the first six months of 2020 will be significantly above market consensus, it said.

Analysts' average forecast for adjusted PBITA is £159m and for earnings the consensus is 4.3p a share.

It also transpired later in the day that G4S is planning to cut more than 1,000 jobs at its cash handling division.

Chilean copper miner Kaz Minerals advanced as copper prices rose on possible supply issues, after workers at a Chilean mine owned by Antofagasta voted in favour of strike action.

Shares of Cineworld - due to reopen at the end of this month - were also in the black.

On the downside, transport operators Go-Ahead and National Express lost ground.

FTSE 250 - Risers

G4S (GFS) 129.50p 8.41%
Hammerson (HMSO) 78.72p 7.07%
Capita (CPI) 40.33p 6.36%
Victrex plc (VCT) 1,938.00p 5.50%
Aston Martin Lagonda Global Holdings (AML) 48.36p 5.18%
Kaz Minerals (KAZ) 548.20p 5.02%
Cineworld Group (CINE) 56.46p 4.09%
AO World (AO.) 164.60p 4.05%
Petropavlovsk (POG) 29.60p 4.04%
St. Modwen Properties (SMP) 371.50p 3.92%

FTSE 250 - Fallers

Go-Ahead Group (GOG) 686.50p -4.65%
LXI Reit (LXI) 109.20p -3.53%
Hastings Group Holdings (HSTG) 170.20p -3.30%
Crest Nicholson Holdings (CRST) 213.60p -3.26%
Oxford Biomedica (OXB) 727.00p -3.20%
Savills (SVS) 774.00p -3.19%
National Express Group (NEX) 161.60p -2.71%
Aggreko (AGK) 432.40p -2.57%
Plus500 Ltd (DI) (PLUS) 1,278.00p -2.29%
C&C Group (CCR) 235.50p -2.28%
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13 Apr 2021 11:31

Allied Univeral closes in on G4S takeover as acceptance reaches 90%

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7 Apr 2021 20:02

IN BRIEF: G4S shuffles board ahead of takeover by Allied Universal

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6 Apr 2021 08:43

Allied Universal's offer for G4S becomes unconditional in all respects

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16 Mar 2021 17:47

G4S says Allied Universal GBP3 billion offer now unconditional

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16 Mar 2021 16:42

UPDATE 2-G4S saga ends as shareholders accept $5.3 bln Allied Universal offer

(Adds comments from G4S, shareholder, context)By Yadarisa ShabongMarch 16 (Reuters) - The G4S takeover saga finally came to an end on Tuesday after a majority of the security company's shareholders accepted a 3.8 billion pound ($5.28 billion) offe...

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12 Mar 2021 10:47

CORRECT: Allied Universal urges G4S shareholders to accept offer

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12 Mar 2021 08:55

Allied Universal lowers acceptance condition for G4S offer to 50%

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12 Mar 2021 08:09

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8 Mar 2021 18:03

IN BRIEF: Allied Universal sets March 16 as final deadline for G4S bid

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8 Mar 2021 10:05

Garda World Security extends offer for G4S to March 16

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8 Mar 2021 09:44

GardaWorld extends G4S offer deadline

(Sharecast News) - Canada's GardaWorld has extended the deadline for shareholders to accept its £3.68bn offer for G4S.

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23 Feb 2021 09:23

Allied Universal Cuts Acceptance Condition For Agreed G4S Offer To 75%

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23 Feb 2021 07:52

UPDATE 2-G4S urge shareholders to accept Allied deal as bid battle ends

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23 Feb 2021 07:52

REFILE-UPDATE 2-G4S urges shareholders to accept Allied deal as bid battle ends

(Refiles to restore dropped letter in headline)* G4S recommends vote for Allied's final offer* Allied offer open for acceptance until March 16* Says acceptance level lowered to 75% from 90%By Yadarisa ShabongFeb 23 (Reuters) - British private securit...

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23 Feb 2021 07:44

Allied Universal declares ?3.8bn bid for G4S final

(Sharecast News) - Allied Universal said its offer for rival G4S had become final after Canada's GardaWorld on Monday declared it would not raise its own bid for the UK security firm.

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